The 1907 Hague Convention for an International Prize Court never came into force.

The International Prize Court would have had obligatory competence which would make it a true international judicial tribunal, as distinct from a mere arbitral forum.

The court would also have functioned as a court of appeal of decisions of national courts. Appellants could be states or individuals. In the absence of a legal foundation in international law for its judgment, it was to follow the principles of justice and equity.

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